JOINT ANNOUNCEMENT MERGER PROPOSAL AND SPIN-OFF PROPOSAL (1) COMPLETION OF THE HUSKY SHARE EXCHANGE

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1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities nor is it calculated to invite any such offer or invitation. In particular, this announcement does not constitute an offer to issue or sell or the invitation of an offer to acquire, purchase or subscribe for securities in Hong Kong, the United States or any other jurisdiction, nor is it intended to invite any such offer or invitation. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act. The securities described herein have not been and will not be registered under the U.S. Securities Act. Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. (Incorporated in the Cayman Islands with limited liability) (Stock Code: 0001) CHEUNG KONG PROPERTY HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1113) CK GLOBAL INVESTMENTS LIMITED (Incorporated in the British Virgin Islands with limited liability) (Incorporated in Hong Kong with limited liability) JOINT ANNOUNCEMENT MERGER PROPOSAL AND SPIN-OFF PROPOSAL (1) COMPLETION OF THE HUSKY SHARE EXCHANGE (2) EFFECTIVE DATE OF THE HUTCHISON SCHEME, COMPLETION OF THE HUTCHISON PROPOSAL AND DESPATCH OF SHARE CERTIFICATES FOR CKH HOLDINGS SHARES (3) WITHDRAWAL OF LISTING OF HUTCHISON SHARES (4) COMPLETION OF THE PROPERTY BUSINESSES COMBINATION, THE DISTRIBUTION IN SPECIE AND THE SPIN-OFF PROPOSAL AND DESPATCH OF SHARE CERTIFICATES FOR CK PROPERTY SHARES (5) COMMENCEMENT OF DEALINGS IN CK PROPERTY SHARES (6) COMMENCEMENT OF ODD LOT MATCHING SERVICE AND UPDATED CONTACT DETAILS FOR ODD LOT TRADERS (7) CHANGES TO THE CKH HOLDINGS BOARD AND MEMBERS OF THE BOARD COMMITTEES OF CKH HOLDINGS (8) CHANGE OF COMPANY SECRETARY OF CKH HOLDINGS (9) CHANGE OF AUTHORISED REPRESENTATIVE OF CKH HOLDINGS FOR ACCEPTANCE OF SERVICE OF PROCESS AND NOTICES (10) CHANGE OF PRINCIPAL PLACE OF BUSINESS OF CKH HOLDINGS 1

2 COMPLETION OF THE HUSKY SHARE EXCHANGE AND THE HUTCHISON PROPOSAL The Hutchison Board and the CKH Holdings Board announce that the Husky Share Exchange has been completed in the early morning of 3 June The Hutchison Board, the CKH Holdings Board and the board of directors of the Hutchison Proposal Offeror further announce that the Hutchison Scheme has become effective, and the Hutchison Proposal has become unconditional and has been completed, on 3 June WITHDRAWAL OF LISTING OF HUTCHISON SHARES Listing of the Hutchison Shares on the Main Board has been withdrawn at 9:00 a.m. on 3 June COMPLETION OF THE PROPERTY BUSINESSES COMBINATION, THE DISTRIBUTION IN SPECIE AND THE SPIN-OFF PROPOSAL The CKH Holdings Board, the Hutchison Board and the board of directors of CK Property announce that, immediately following completion of the Husky Share Exchange and the Hutchison Proposal, the Property Businesses Combination has been completed on 3 June Immediately following completion of the Property Businesses Combination, the Distribution In Specie and the Spin-off Proposal have been completed on 3 June COMMENCEMENT OF DEALINGS IN CK PROPERTY SHARES Dealings in CK Property Shares on the Main Board commenced at 9:00 a.m. on 3 June CHANGES TO THE CKH HOLDINGS BOARD AND MEMBERS OF THE BOARD COMMITTEES OF CKH HOLDINGS With effect from 3 June 2015, the composition of the CKH Holdings Board and the board committees of CKH Holdings has been changed as follows: Re-designation of CKH Holdings Directors (a) Mr LI Tzar Kuoi, Victor has been re-designated from Executive Director, Managing Director and Deputy Chairman to Executive Director, Group Co-Managing Director and Deputy Chairman of CKH Holdings. (b) Mr FOK Kin Ning, Canning has been re-designated from Non-executive Director to Executive Director and Group Co-Managing Director of CKH Holdings. (c) Mr Frank John SIXT has been re-designated from Non-executive Director to Executive Director, Group Finance Director and Deputy Managing Director of CKH Holdings. 2

3 Appointments of CKH Holdings Directors (a) Mrs CHOW WOO Mo Fong, Susan has been appointed as Executive Director and Group Deputy Managing Director of CKH Holdings. (b) Mr LAI Kai Ming, Dominic has been appointed as Executive Director and Deputy Managing Director of CKH Holdings. (c) Mr CHENG Hoi Chuen, Vincent, has been appointed as Independent Non-executive Director and member of both the Audit Committee and the Remuneration Committee of CKH Holdings. (d) Mr William SHURNIAK has been appointed as Independent Non-executive Director and member of the Audit Committee of CKH Holdings. (e) Mr WONG Chung Hin has been appointed as Independent Non-executive Director and Chairman of the Audit Committee and member of the Remuneration Committee of CKH Holdings. (f) The Hon Sir Michael David KADOORIE and Ms LEE Wai Mun, Rose have been appointed as Independent Non-executive Directors of CKH Holdings. (g) Mr William Elkin MOCATTA has been appointed as Alternate Director to The Hon Sir Michael David KADOORIE in his capacity as Independent Non-executive Director of CKH Holdings. Resignations of CKH Holdings Directors (a) Mr CHUNG Sun Keung, Davy, Ms PAU Yee Wan, Ezra, Ms WOO Chia Ching, Grace and Mr CHIU Kwok Hung, Justin have resigned as Executive Directors of CKH Holdings. (b) Mr YEH Yuan Chang, Anthony, Mr Simon MURRAY, Mr CHOW Nin Mow, Albert, Ms HUNG Siu-lin, Katherine and Mr CHEONG Ying Chew, Henry have resigned as Independent Non-executive Directors of CKH Holdings. Cessation of Alternate Director and Members of the Board Committees of CKH Holdings (a) Dr WONG Yick-ming, Rosanna has ceased to be Alternate Director to Mr Simon Murray in his former capacity as Independent Non-executive Director of CKH Holdings. (b) Ms HUNG Siu-lin, Katherine has ceased to be member of the Audit Committee of CKH Holdings. (c) Mr CHEONG Ying Chew, Henry has ceased to be the Chairman of the Audit Committee of CKH Holdings. (d) Mr KWOK Tun-li, Stanley has ceased to be member of the Remuneration Committee of CKH Holdings. 3

4 CHANGE OF COMPANY SECRETARY OF CKH HOLDINGS With effect from 3 June 2015, Ms Eirene YEUNG has resigned as Company Secretary of CKH Holdings and Ms Edith SHIH has been appointed as Company Secretary of CKH Holdings. CHANGE OF AUTHORISED REPRESENTATIVE OF CKH HOLDINGS FOR ACCEPTANCE OF SERVICE OF PROCESS AND NOTICES With effect from 3 June 2015, Ms Edith SHIH has been appointed as the authorised representative of CKH Holdings pursuant to Part 16 of the Companies Ordinance for acceptance of service of process and notices in place of Mr IP Tak Chuen, Edmond and Ms Eirene YEUNG. CHANGE OF PRINCIPAL PLACE OF BUSINESS OF CKH HOLDINGS With effect from 3 June 2015, the principal place of business of CKH Holdings has been changed to 12/F, Cheung Kong Center, 2 Queen s Road Central, Hong Kong. 1. INTRODUCTION Reference is made to (i) the announcement jointly issued by Cheung Kong (Holdings) Limited ( Cheung Kong ) and Hutchison Whampoa Limited ( Hutchison ) on 9 January 2015 (the Joint Announcement ); (ii) the circular issued by CK Hutchison Holdings Limited ( CKH Holdings ) on 31 March 2015 (the Circular ); (iii) the scheme document jointly issued by CKH Holdings, CK Global Investments Limited (the Hutchison Proposal Offeror ) and Hutchison on 31 March 2015, in relation to, among other things, the Merger Proposal (the Scheme Document ); (iv) the announcement jointly issued by CKH Holdings, the Hutchison Proposal Offeror and Hutchison on 8 May 2015 in relation to, among other things, the proposed issue by Cheung Kong Property Holdings Limited ( CK Property ) of new CK Property Shares immediately following completion of the Property Businesses Combination pursuant to the Spin-off Proposal (the Distribution In Specie ) and the expected timetable for the listing by way of introduction of CK Property; and (v) the listing document issued by CK Property on 8 May 2015 (the Listing Document ). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Joint Announcement. 2. COMPLETION OF THE HUSKY SHARE EXCHANGE The Hutchison Board and the CKH Holdings Board announce that the Husky Share Exchange has been completed in the early morning on 3 June A total of 84,427,246 new CKH Holdings Shares were issued by CKH Holdings pursuant to the Husky Share Exchange on 3 June

5 3. EFFECTIVE DATE OF THE HUTCHISON SCHEME, COMPLETION OF THE HUTCHISON PROPOSAL AND DESPATCH OF SHARE CERTIFICATES FOR CKH HOLDINGS SHARES The Hutchison Board, the CKH Holdings Board and the board of directors of the Hutchison Proposal Offeror further announce that on 3 June 2015, an office copy of the order of the Court sanctioning the Hutchison Scheme, together with the minute and return that comply with subsections (2) and (3) of section 230 of the Companies Ordinance, respectively, have been registered by the Companies Registrar. Upon such registration, the Hutchison Scheme has become effective, and the Hutchison Proposal has become unconditional and has been completed, on 3 June A total of 1,459,086,916 new CKH Holdings Shares were issued by CKH Holdings pursuant to the Hutchison Scheme on 3 June Share certificates for such CKH Holdings Shares were despatched by ordinary post on 2 June 2015 and have become valid on 3 June The Non- Qualifying Hutchison Overseas Shareholders are the Hutchison Scheme Shareholders in the United Arab Emirates. 4. WITHDRAWAL OF LISTING OF HUTCHISON SHARES Listing of the Hutchison Shares on the Main Board has been withdrawn at 9:00 a.m. on Wednesday, 3 June COMPLETION OF THE PROPERTY BUSINESSES COMBINATION, THE DISTRIBUTION IN SPECIE AND THE SPIN-OFF PROPOSAL AND DESPATCH OF SHARE CERTIFICATES FOR CK PROPERTY SHARES The CKH Holdings Board, the Hutchison Board and the board of directors of CK Property announce that, immediately following completion of the Husky Share Exchange and the Hutchison Proposal, the Property Businesses Combination has been completed on 3 June 2015 and accordingly, the Group Property Businesses are held by the CK Property Group. Immediately following completion of the Property Businesses Combination, the Distribution In Specie and the Spin-off Proposal have been completed on 3 June A total of 3,859,678,500 new CK Property Shares were issued by CK Property pursuant to the Distribution In Specie on 3 June Share certificates for such CK Property Shares were despatched by ordinary post on 2 June 2015 and have become effective on 3 June Subject to certain exceptions as set out in the Listing Document, the Non-Qualifying CKH Holdings Overseas Shareholders are the CKH Holdings Shareholders in Australia, the Cayman Islands, the United Arab Emirates and the United States. 5

6 6. COMMENCEMENT OF DEALINGS IN CK PROPERTY SHARES Dealings in CK Property Shares on the Main Board commenced at 9:00 a.m. on 3 June COMMENCEMENT OF ODD LOT MATCHING SERVICE AND UPDATED CONTACT DETAILS FOR ODD LOT TRADERS FOR CKH HOLDINGS SHARES AND CK PROPERTY SHARES As stated in the Scheme Document and the Listing Document, Fulbright Securities Limited and One China Securities Limited (the Odd Lot Traders ) have been appointed to provide, on a best efforts basis, a service to match the sale and purchase of odd lots of CKH Holdings Shares and CK Property Shares (the Matching Service ) during the period of 60 days commencing from (and including) 3 June The updated contact details of the Odd Lot Traders are set out below: Fulbright Securities Limited 33rd Floor, Cosco Tower Grand Millennium Plaza No. 183 Queen s Road Central Hong Kong Attention: Nick YU Telephone: One China Securities Limited 2/F, Cheong K. Building 86 Des Voeux Road Central Hong Kong Attention: Marco KO Frankie MAK Telephone: Please refer to the Scheme Document and the Listing Document for further information on the Matching Service. 8. CHANGES TO THE CKH HOLDINGS BOARD AND MEMBERS OF THE BOARD COMMITTEES OF CKH HOLDINGS As set out in the Circular, following completion of the Merger Proposal and the Spin-off Proposal, the composition of the CKH Holdings Board would change. Accordingly, with effect from 3 June 2015, the composition of the CKH Holdings Board and the board committees of CKH Holdings has been changed as follows: Re-designation of CKH Holdings Directors (a) Mr LI Tzar Kuoi, Victor has been re-designated from Executive Director, Managing Director and Deputy Chairman to Executive Director, Group Co-Managing Director and Deputy Chairman of CKH Holdings. 6

7 (b) Mr FOK Kin Ning, Canning has been re-designated from Non-executive Director to Executive Director and Group Co-Managing Director of CKH Holdings. (c) Mr Frank John SIXT has been re-designated from Non-executive Director to Executive Director, Group Finance Director and Deputy Managing Director of CKH Holdings. Appointments of CKH Holdings Directors (a) Mrs CHOW WOO Mo Fong, Susan has been appointed as Executive Director and Group Deputy Managing Director of CKH Holdings. (b) Mr LAI Kai Ming, Dominic has been appointed as Executive Director and Deputy Managing Director of CKH Holdings. (c) Mr CHENG Hoi Chuen, Vincent, has been appointed as Independent Non-executive Director and member of both the Audit Committee and the Remuneration Committee of CKH Holdings. (d) Mr William SHURNIAK has been appointed as Independent Non-executive Director and member of the Audit Committee of CKH Holdings. (e) Mr WONG Chung Hin has been appointed as Independent Non-executive Director and Chairman of the Audit Committee and member of the Remuneration Committee of CKH Holdings. (f) The Hon Sir Michael David KADOORIE and Ms LEE Wai Mun, Rose have been appointed as Independent Non-executive Directors of CKH Holdings. (g) Mr William Elkin MOCATTA has been appointed as Alternate Director to The Hon Sir Michael David KADOORIE in his capacity as Independent Non-executive Director of CKH Holdings. Resignations of CKH Holdings Directors (a) Mr CHUNG Sun Keung, Davy, Ms PAU Yee Wan, Ezra, Ms WOO Chia Ching, Grace and Mr CHIU Kwok Hung, Justin have resigned as Executive Directors of CKH Holdings. (b) Mr YEH Yuan Chang, Anthony, Mr Simon MURRAY, Mr CHOW Nin Mow, Albert, Ms HUNG Siu-lin, Katherine and Mr CHEONG Ying Chew, Henry have resigned as Independent Non-executive Directors of CKH Holdings. 7

8 Cessation of Alternate Director and Members of Board Committees of CKH Holdings With effect from 3 June 2015: (a) Dr WONG Yick-ming, Rosanna has ceased to be Alternate Director to Mr Simon Murray in his former capacity as Independent Non-executive Director of CKH Holdings; (b) Ms HUNG Siu-lin, Katherine has ceased to be member of the Audit Committee of CKH Holdings; (c) Mr CHEONG Ying Chew, Henry has ceased to be the Chairman of the Audit Committee of CKH Holdings; (d) Mr KWOK Tun-li, Stanley has ceased to be member of the Remuneration Committee of CKH Holdings; and (e) the Executive Committee of CKH Holdings has been abolished. Each of Mr CHUNG Sun Keung, Davy, Ms PAU Yee Wan, Ezra, Ms WOO Chia Ching, Grace, Mr CHIU Kwok Hung, Justin, Mr YEH Yuan Chang, Anthony, Mr Simon MURRAY, Mr CHOW Nin Mow, Albert, Ms HUNG Siu-lin, Katherine and Mr CHEONG Ying Chew, Henry has confirmed that he/she has no disagreement with the CKH Holdings Board and does not have any matters in relation to his/her resignation that should be brought to the attention of the CKH Holdings Shareholders. The CKH Holdings Board would like to express its sincere appreciation and gratitude to each of Mr Chung, Ms Pau, Ms Woo, Mr Chiu, Mr Yeh, Mr Murray, Mr Chow, Ms Hung and Mr Cheong for their invaluable contributions to the CKH Holdings Group over the years. The CKH Holdings Board would also like to extend its warm welcome to Mrs Chow, Mr Lai, Mr Cheng, The Hon Sir Michael David Kadoorie, Ms Lee, Mr Shurniak and Mr Wong in joining the CKH Holdings Board. 8

9 9. BIOGRAPHICAL PROFILES OF RE-DESIGNATED AND NEW CKH HOLDINGS DIRECTORS Set out below are the biographical profiles of the re-designated and new CKH Holdings Directors: Mr LI Tzar Kuoi, Victor Executive Director, Group Co-Managing Director and Deputy Chairman of CKH Holdings Mr Victor Li, BSc, MSc, LLD, aged 50, has been a Director of CKH Holdings since 11 December 2014, and has been designated as an Executive Director, Managing Director and Deputy Chairman of CKH Holdings since 9 January 2015 and re-designated as Executive Director, Group Co-Managing Director and Deputy Chairman of CKH Holdings since 3 June He joined the Cheung Kong Group in 1985 and acted as the Deputy Managing Director of Cheung Kong from 1993 to He has been the Deputy Chairman of Cheung Kong since 1994, the Managing Director of Cheung Kong since 1999 and the Chairman of the Executive Committee of Cheung Kong since March He has been a Director of CK Property since 5 January 2015 and has been designated as an Executive Director, Managing Director and Deputy Chairman of CK Property since 26 February He has been the Chairman of the Executive Committee of CK Property since 3 June He is also the Deputy Chairman of Hutchison, the Chairman of Cheung Kong Infrastructure Holdings Limited ( CKI ) and CK Life Sciences Int l., (Holdings) Inc., a Non-executive Director of Power Assets Holdings Limited ( Power Assets ), a Non-executive Director of HK Electric Investments Manager Limited ( HKEIM ) as the trustee-manager of HK Electric Investments ( HKEI ), and a Nonexecutive Director and the Deputy Chairman of HK Electric Investments Limited ( HKEIL ), and Co-Chairman of Husky Energy Inc. ( Husky ). Except for Cheung Kong, HKEIM and Hutchison, all the companies/investment trust mentioned above are listed in Hong Kong or overseas. Mr Victor Li is also the Deputy Chairman of Li Ka Shing Foundation Limited, Li Ka Shing (Overseas) Foundation and Li Ka Shing (Canada) Foundation, and a Director of The Hongkong and Shanghai Banking Corporation Limited. Mr Victor Li serves as a member of the Standing Committee of the 12th National Committee of the Chinese People s Political Consultative Conference ( CPPCC ) of the People s Republic of China. He is also a member of the Commission on Strategic Development of Hong Kong Special Administrative Region and Vice Chairman of the Hong Kong General Chamber of Commerce. Mr Victor Li is the Honorary Consul of Barbados in Hong Kong. He was previously a member of the Council for Sustainable Development of Hong Kong Special Administrative Region. He holds a Bachelor of Science degree in Civil Engineering, a Master of Science degree in Civil Engineering and an honorary degree, Doctor of Laws, honoris causa (LL.D.). 9

10 Mr Victor Li is a son of Mr Li Ka-shing, the Chairman of CKH Holdings and a substantial shareholder of CKH Holdings within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (the SFO ), and a nephew of Mr Kam Hing Lam, Deputy Managing Director of CKH Holdings. Mr Victor Li is also a director of certain substantial shareholders of CKH Holdings within the meaning of Part XV of the SFO, and a director of certain companies controlled by certain substantial shareholders of CKH Holdings. TDT1 as trustee of DT1, TDT2 as trustee of DT2, and TUT1 as trustee of UT1 in which each of TDT1 and TDT2 holds units, are substantial shareholders of CKH Holdings within the meaning of Part XV of the SFO. The discretionary beneficiaries of each of DT1 and DT2 include Mr Victor Li, his wife and children. Save as disclosed above, Mr Victor Li does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He has a personal interest of 220,000 CKH Holdings Shares, family interest of 405,200 CKH Holdings Shares, corporate interest of 2,272,350 CKH Holdings Shares and other interest of 1,028,753,254 CKH Holdings Shares within the meaning of Part XV of the SFO. The term of his service as a Director of CKH Holdings is subject to retirement by rotation and re-election at the annual general meeting of CKH Holdings in accordance with the provisions of the Articles of Association of CKH Holdings (the CKH Holdings Articles of Association ). The director s fee of Mr Victor Li as an Executive Director of CKH Holdings under his appointment letter dated 9 January 2015 is HK$220,000 per annum. The emoluments of Executive Directors of CKH Holdings are determined by reference to the performance and profitability of CKH Holdings, as well as the prevailing market conditions. Mr Victor Li previously held directorship in Star River Investment Limited ( Star River ) (ceased to act as director on 4 June 2005), a company owned as to 50% by Cheung Kong with its place of incorporation in Hong Kong and active in acquiring property for development. Star River commenced creditors voluntary winding up on 28 September 2004, with a wholly owned subsidiary of Cheung Kong being the petitioning creditor. The amount involved in the winding up was HK$17,259, and Star River was dissolved on 4 June Save as disclosed above, there are no other matters concerning Mr Victor Li that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. 10

11 Mr FOK Kin Ning, Canning Executive Director and Group Co-Managing Director of CKH Holdings Mr Fok, BA, DFM, CA (Aus), aged 63, has been a Non-executive Director of CKH Holdings since 9 January 2015 and was re-designated as an Executive Director and Group Co- Managing Director of CKH Holdings with effect from 3 June He has been a Director of Cheung Kong since Mr Fok is also the Group Managing Director of Hutchison and Deputy Chairman of CKI. He is also the Chairman of Hutchison Telecommunications Hong Kong Holdings Limited ( HTHKH ), Hutchison Telecommunications (Australia) Limited ( HTAL ), Hutchison Port Holdings Management Pte. Limited ( HPHM ) as the trusteemanager of Hutchison Port Holdings Trust ( HPH Trust ), Power Assets, HKEIM as the trustee-manager of HKEI, and HKEIL, Co-Chairman of Husky and an Alternate Director to a Director of HTHKH. He was previously the Chairman of Hutchison Harbour Ring Limited ( HHR, now known as China Oceanwide Holdings Limited) (resigned on 19 December 2014). Except for Cheung Kong, HPHM, HKEIM and Hutchison, all the companies/business trust/investment trust mentioned above are listed in Hong Kong or overseas. He holds a Bachelor of Arts degree and a Diploma in Financial Management, and is a member of The Institute of Chartered Accountants in Australia. Mr Fok is a director of certain companies controlled by a substantial shareholder of CKH Holdings within the meaning of Part XV of the SFO. Save as disclosed above, Mr Fok does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He has a corporate interest of 4,111,438 CKH Holdings Shares within the meaning of Part XV of the SFO. The term of his service as a Director of CKH Holdings is subject to retirement by rotation and re-election at the annual general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association. The director s fee of Mr Fok as an Executive Director of CKH Holdings under his appointment letter dated 29 May 2015 is HK$220,000 per annum. The emoluments of Executive Directors of CKH Holdings are determined by reference to the performance and profitability of CKH Holdings, as well as the prevailing market conditions. Mr Fok previously held directorship in Peregrine Investments Holdings Limited ( Peregrine ) (resigned on 12 January 1998), a company incorporated in Bermuda and registered under Part XI of the former Companies Ordinance (Cap. 32 of the Laws of Hong Kong) which was an investment bank. Peregrine commenced compulsory liquidation on 18 March The liquidation of Peregrine is still in progress and the total claims amounts admitted by the liquidators of Peregrine amount to HK$15,278 million. Save as disclosed above, there are no other matters concerning Mr Fok that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. 11

12 Mrs CHOW WOO Mo Fong, Susan Executive Director and Group Deputy Managing Director of CKH Holdings Mrs Chow, BSc, aged 61, has been appointed as an Executive Director and Group Deputy Managing Director of CKH Holdings with effect from 3 June She is Deputy Group Managing Director of Hutchison, an Executive Director of CKI, a Non-executive Director of HTHKH and a Director of HTAL. She is also an Alternate Director to Directors of each of CKI, HTAL, HKEIM as the trustee-manager of HKEI, HKEIL and TOM Group Limited ( TOM ). Except for HKEIM and Hutchison, all the companies/investment trust mentioned above are listed in Hong Kong or overseas. She is a qualified solicitor and holds a Bachelor s degree in Business Administration. Mrs Chow was previously an Executive Director and an Alternate Director to Directors of Power Assets (resigned on 29 January 2014), an Executive Director of HHR (now known as China Oceanwide Holdings Limited) (resigned on 19 December 2014), HKEIM as the trusteemanager of HKEI, and HKEIL (both resigned on 28 November 2014) and an Alternate Director to a Director of HPHM as the trustee-manager of HPH Trust (resigned on 24 October 2012). Except for HKEIM and HPHM, all the companies/business trust/investment trust mentioned above are listed in Hong Kong or overseas. Mrs Chow does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. She has a personal interest of 129,960 CKH Holdings Shares within the meaning of Part XV of the SFO. The term of her service as a Director of CKH Holdings is subject to retirement by rotation and reelection at the annual general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association. The director s fee of Mrs Chow as an Executive Director of CKH Holdings under her appointment letter dated 29 May 2015 is HK$220,000 per annum. The emoluments of Executive Directors of CKH Holdings are determined by reference to the performance and profitability of CKH Holdings, as well as the prevailing market conditions. Save as disclosed above, there are no other matters concerning Mrs Chow that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. 12

13 Mr Frank John SIXT Executive Director, Group Finance Director and Deputy Managing Director of CKH Holdings Mr Sixt, MA, LLL, aged 63, has been a Non-executive Director of CKH Holdings since 9 January 2015 and was re-designated as an Executive Director, Group Finance Director and Deputy Managing Director of CKH Holdings with effect from 3 June He has been a Director of Cheung Kong since Mr Sixt is the Non-executive Chairman of TOM, the Group Finance Director of Hutchison and an Executive Director of CKI. He is also a Nonexecutive Director of HTHKH, HPHM as the trustee-manager of HPH Trust and Power Assets, a Director of HTAL and Husky, and an Alternate Director to Directors of HTAL. Except for Cheung Kong, HPHM and Hutchison, all the companies/business trust mentioned above are listed in Hong Kong or overseas. He holds a Master s degree in Arts and a Bachelor s degree in Civil Law, and is a member of the Bar and of the Law Society of the Provinces of Québec and Ontario, Canada. Mr Sixt is a director of certain substantial shareholders of CKH Holdings within the meaning of Part XV of the SFO, and a director of certain companies controlled by certain substantial shareholders of CKH Holdings. Save as disclosed above, Mr Sixt does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He has a personal interest of 136,800 of CKH Holdings Shares within the meaning of Part XV of the SFO. The term of his service as a Director of CKH Holdings is subject to retirement by rotation and re-election at the annual general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association. The director s fee of Mr Sixt as an Executive Director of CKH Holdings under his appointment letter dated 29 May 2015 is HK$220,000 per annum. The emoluments of Executive Directors of CKH Holdings are determined by reference to the performance and profitability of CKH Holdings, as well as the prevailing market conditions. Mr Sixt was a director of vlinx Inc. until 12 April 2002, a private Canadian company engaged in the development of technology and software which was petitioned into bankruptcy on 15 April Save as disclosed above, there are no other matters concerning Mr Sixt that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. 13

14 Mr LAI Kai Ming, Dominic Executive Director and Deputy Managing Director of CKH Holdings Mr Lai, BSc, MBA, aged 61, has been appointed as an Executive Director and Deputy Managing Director of CKH Holdings with effect from 3 June He is an Executive Director of Hutchison, a Non-executive Director of HTHKH and a Director of HTAL. He is also an Alternate Director to Directors of each of HTHKH and HTAL. Mr Lai was previously Deputy Chairman, an Executive Director and an Alternate Director to Directors of HHR (now known as China Oceanwide Holdings Limited) (resigned on 19 December 2014). Except for Hutchison, all the companies mentioned above are listed in Hong Kong or overseas. Mr Lai has over 30 years of management experience in different industries. He holds a Bachelor of Science (Hons) degree and a Master s degree in Business Administration. Mr Lai does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He has a personal interest of 34,200 CKH Holdings Shares within the meaning of Part XV of the SFO. The term of his service as a Director of CKH Holdings is subject to retirement by rotation and reelection at the annual general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association. The director s fee of Mr Lai as an Executive Director of CKH Holdings under his appointment letter dated 29 May 2015 is HK$220,000 per annum. The emoluments of Executive Directors of CKH Holdings are determined by reference to the performance and profitability of CKH Holdings, as well as the prevailing market conditions. Save as disclosed above, there are no other matters concerning Mr Lai that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. Mr CHENG Hoi Chuen, Vincent Independent Non-executive Director of CKH Holdings Mr Cheng, GBS, OBE, JP, aged 66, has been appointed as an Independent Non-executive Director and a member of both the Audit Committee and the Remuneration Committee of CKH Holdings with effect from 3 June He is an Independent Non-executive Director of Hutchison, MTR Corporation Limited, Great Eagle Holdings Limited, CLP Holdings Limited, Hui Xian Asset Management Limited ( HXAML ) as manager of Hui Xian Real Estate Investment Trust, China Minsheng Banking Corp., Ltd., Shanghai Industrial Holdings Limited and Wing Tai Properties Limited. He was previously an Independent Non-executive Director of Swire Properties Limited (resigned on 14 April 2012). Except for HXAML and Hutchison, all the companies/investment trust mentioned above are listed in Hong Kong. 14

15 Mr Cheng joined The Hongkong and Shanghai Banking Corporation Limited in 1978 of which he became Chief Financial Officer in 1994, General Manager and an Executive Director in 1995 and Chairman from 2005 to He was also the Chairman of HSBC Bank (China) Limited from 2007 to 2011, an Executive Director of HSBC Holdings plc, being a listed company, from 2008 to 2011 and an adviser to the Group Chief Executive of HSBC Holdings plc from 2011 to In 2008, Mr Cheng was appointed as a member of the National Committee of the 11th CPPCC of the People s Republic of China and a senior adviser to the 11th Beijing Municipal Committee of the CPPCC of the People s Republic of China. Mr Cheng s previous government advisory roles include being a member of the Executive Council (the Hong Kong government s highest policy-making body) from 1995 to 1997, Hong Kong Affairs Adviser to the People s Republic of China from 1994 to 1997 as well as a member of the Legislative Council of the Hong Kong Government from 1991 to He is the Chairman of the University Council of The Chinese University of Hong Kong. In 2005, Honorary Doctorates of Social Science and of Business Administration were conferred on Mr Cheng by The Chinese University of Hong Kong and The Open University of Hong Kong respectively. Mr Cheng holds a Bachelor of Social Science degree in Economics and a Master of Philosophy degree in Economics. Mr Cheng does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He does not have interests in the CKH Holdings Shares within the meaning of Part XV of the SFO. The director s fee of Mr Cheng as an Independent Non-executive Director of CKH Holdings under his appointment letter dated 29 May 2015 is HK$220,000 per annum and additional fees for being a member of the Audit Committee and the Remuneration Committee of CKH Holdings are HK$130,000 and HK$60,000 per annum, respectively. The term of service of Mr Cheng shall, subject to retirement by rotation and re-election at the general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association, continue until 31 December 2015 and be automatically renewed thereafter for successive 12-month periods. Save as disclosed above, there are no other matters concerning Mr Cheng that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. 15

16 The Hon Sir Michael David KADOORIE Independent Non-executive Director of CKH Holdings The Hon Sir Michael David Kadoorie, GBS, LLD (Hon), DSc (Hon), Commandeur de la Légion d Honneur, Commandeur de l Ordre de Leopold II, Commandeur de l Ordre des Arts et des Lettres, aged 73, has been appointed as an Independent Non-executive Director of CKH Holdings with effect from 3 June He is an Independent Non-executive Director of Hutchison, Chairman of CLP Holdings Limited ( CLP ) and The Hongkong and Shanghai Hotels, Limited ( Shanghai Hotels ), as well as Heliservices (Hong Kong) Limited ( Heliservices ). He is also an Alternate Director to a Director of Hong Kong Aircraft Engineering Company Limited. Except for Heliservices and Hutchison, all the companies mentioned above are listed in Hong Kong. The Hon Sir Michael David Kadoorie does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He has other interest of 11,752,120 CKH Holdings Shares within the meaning of Part XV of the SFO. The director s fee of The Hon Sir Michael David Kadoorie as an Independent Non-executive Director of CKH Holdings under his appointment letter dated 29 May 2015 is HK$220,000 per annum. The term of service of The Hon Sir Michael David Kadoorie shall, subject to retirement by rotation and re-election at the general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association, continue until 31 December 2015 and be automatically renewed thereafter for successive 12-month periods. Save as disclosed above, there are no other matters concerning The Hon Sir Michael David Kadoorie that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. 16

17 Ms LEE Wai Mun, Rose Independent Non-executive Director of CKH Holdings Ms Lee, JP, BBA, aged 62, has been appointed as an Independent Non-executive Director of CKH Holdings with effect from 3 June She is an Independent Non-executive Director of Hutchison, an Executive Director, Vice-chairman and Chief Executive of Hang Seng Bank Limited, being a listed company, and Chairman and a member of its Executive Committee and Nomination Committee respectively. Ms Lee is also the Chairman of Hang Seng Bank (China) Limited. Ms Lee is a Group General Manager of HSBC Holdings plc, being a listed company, a Director of The Hongkong and Shanghai Banking Corporation Limited, an Independent Nonexecutive Director of Swire Pacific Limited, being a listed company, Chairman of the Board of Governors of Hang Seng Management College, Chairman of the Board of Directors of Hang Seng School of Commerce, Second Vice President and Board Member of The Community Chest of Hong Kong as well as Chairman of its Campaign Committee and a member of its Executive Committee, Vice-chairman of the Finance Professional Committee of Guangdong s Association for Promotion of Cooperation between Guangdong, Hongkong & Macao, Vice President of The Hong Kong Institute of Bankers, a member of the Inaugural Financial Consulting Committee for Authority of Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, a member of the Advisory Committee of the New College of Jockey Club Student Village III of the University of Hong Kong, a member of the Court of The Hong Kong University of Science and Technology, a member of the Board of Trustees of Ho Leung Ho Lee Foundation and a member of the Financial Services Advisory Committee of Hong Kong Trade Development Council. Ms Lee holds a Bachelor s degree in Business Administration. Ms Lee does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. She does not have interests in the CKH Holdings Shares within the meaning of Part XV of the SFO. The director s fee of Ms Lee as an Independent Non-executive Director of CKH Holdings under her appointment letter dated 29 May 2015 is HK$220,000 per annum. The term of service of Ms Lee shall, subject to retirement by rotation and re-election at the general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association, continue until 31 December 2015 and be automatically renewed thereafter for successive 12-month periods. Save as disclosed above, there are no other matters concerning Ms Lee that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. 17

18 Mr William SHURNIAK Independent Non-executive Director of CKH Holdings Mr Shurniak, SOM, LLD (Hon), aged 83, has been appointed as an Independent Nonexecutive Director and a member of the Audit Committee of CKH Holdings with effect from 3 June He is an Independent Non-executive Director of Hutchison. In addition, he is a Director (independent) and Deputy Chairman of Husky, being a listed company. He has broad banking experience and he holds Honorary Doctor of Laws degrees from the University of Saskatchewan, The University of Western Ontario and the University of Regina in Canada. He was awarded the Saskatchewan Order of Merit by the Government of Saskatchewan in 2009 and the Queen Elizabeth II Diamond Jubilee Medal by the Lieutenant Governor of Saskatchewan in Mr Shurniak does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He has a personal interest of 262,860 CKH Holdings Shares within the meaning of Part XV of the SFO. The director s fee of Mr Shurniak as an Independent Non-executive Director of CKH Holdings under his appointment letter dated 29 May 2015 is HK$220,000 per annum and additional fee for being a member of the Audit Committee of CKH Holdings is HK$130,000 per annum. The term of service of Mr Shurniak shall, subject to retirement by rotation and re-election at the general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association, continue until 31 December 2015 and be automatically renewed thereafter for successive 12-month periods. Save as disclosed above, there are no other matters concerning Mr Shurniak that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. Mr WONG Chung Hin Independent Non-executive Director of CKH Holdings Mr Wong, CBE, JP, aged 81, has been appointed as an Independent Non-executive Director, Chairman of the Audit Committee and a member of the Remuneration Committee of CKH Holdings with effect from 3 June He is an Independent Non-executive Director of Hutchison, The Bank of East Asia, Limited and Power Assets. Except for Hutchison, all the companies mentioned above are listed in Hong Kong. He is a solicitor. 18

19 Mr Wong does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He does not have interests in the CKH Holdings Shares within the meaning of Part XV of the SFO. The director s fee of Mr Wong as an Independent Non-executive Director of CKH Holdings under his appointment letter dated 29 May 2015 is HK$220,000 per annum and additional fee for being the Chairman of the Audit Committee and a member of the Remuneration Committee of CKH Holdings are HK$130,000 and HK$60,000 per annum, respectively. The term of service of Mr Wong shall, subject to retirement by rotation and re-election at the general meeting of CKH Holdings in accordance with the provisions of the CKH Holdings Articles of Association, continue until 31 December 2015 and be automatically renewed thereafter for successive 12-month periods. Save as disclosed above, there are no other matters concerning Mr Wong that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. Mr William Elkin MOCATTA Alternate Director to The Hon Sir Michael David KADOORIE Mr Mocatta, FCA, aged 61, has been appointed as an Alternate Director to The Hon Sir Michael David Kadoorie, an Independent Non-executive Director of CKH Holdings, with effect from 3 June He is an Alternate Director to The Hon Sir Michael David Kadoorie, Independent Non-executive Director of Hutchison. He is the Chairman of CLP Power Hong Kong Limited, CLP Properties Limited and Castle Peak Power Company Limited. He is also the Vice Chairman of CLP and a Director of Shanghai Hotels. CLP and Shanghai Hotels are listed in Hong Kong. He is a Fellow of The Institute of Chartered Accountants in England and Wales. Mr Mocatta does not have any relationship with any other CKH Holdings Directors, senior management or substantial or controlling shareholders of CKH Holdings. He does not have any interest in the CKH Holdings Shares within the meaning of Part XV of the SFO. There is no appointment letter entered into between Mr Mocatta and CKH Holdings. Mr Mocatta will not receive any remuneration as an Alternate Director. He will cease to be an Alternate Director if The Hon Sir Michael David Kadoorie ceases to be CKH Holdings Director. Save as disclosed above, there are no other matters concerning Mr Mocatta that are required to be brought to the attention of the CKH Holdings Shareholders, nor is there other information that is required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules. 19

20 10. CHANGE OF COMPANY SECRETARY OF CKH HOLDINGS With effect from 3 June 2015, Ms Eirene YEUNG has resigned as Company Secretary of CKH Holdings and Ms Edith SHIH has been appointed as Company Secretary of CKH Holdings. 11. CHANGE OF AUTHORISED REPRESENTATIVE OF CKH HOLDINGS FOR ACCEPTANCE OF SERVICE OF PROCESS AND NOTICES With effect from 3 June 2015, Ms Edith SHIH has been appointed as the authorised representative of CKH Holdings pursuant to Part 16 of the Companies Ordinance for acceptance of service of process and notices in place of Mr IP Tak Chuen, Edmond and Ms Eirene YEUNG. 12. CHANGE OF PRINCIPAL PLACE OF BUSINESS OF CKH HOLDINGS With effect from 3 June 2015, the principal place of business of CKH Holdings has been changed to 12/F, Cheung Kong Center, 2 Queen s Road Central, Hong Kong. By Order of the Board of CK Hutchison Holdings Limited Edith Shih Company Secretary By Order of the Board of CK Global Investments Limited Edith Shih Company Secretary By Order of the Board of Cheung Kong Property Holdings Limited Eirene Yeung Company Secretary By Order of the Board of Hutchison Whampoa Limited Edith Shih Company Secretary Hong Kong, 3 June

21 As at the date of this announcement, the CKH Holdings Directors are: Mr Li Ka-shing (Chairman), Mr Li Tzar Kuoi, Victor (Group Co-Managing Director and Deputy Chairman), Mr Fok Kin Ning, Canning (Group Co-Managing Director), Mrs Chow Woo Mo Fong, Susan (Group Deputy Managing Director), Mr Frank John Sixt (Group Finance Director and Deputy Managing Director), Mr Ip Tak Chuen, Edmond (Deputy Managing Director), Mr Kam Hing Lam (Deputy Managing Director), Mr Lai Kai Ming, Dominic (Deputy Managing Director) as executive directors; Mr Chow Kun Chee, Roland, Mr Lee Yeh Kwong, Charles, Mr Leung Siu Hon and Mr George Colin Magnus as non-executive directors; Mr Cheng Hoi Chuen, Vincent, The Hon Sir Michael David Kadoorie, Mr Kwok Tun-li, Stanley, Ms Lee Wai Mun, Rose, Mr William Elkin Mocatta (alternate director to The Hon Sir Michael David Kadoorie), Mr William Shurniak, Mr Wong Chung Hin and Dr Wong Yick-ming, Rosanna as independent non-executive directors. The CKH Holdings Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than that relating to the Hutchison Group and the CK Property Group) and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement (other than those expressed by the Hutchison Group and the CK Property Group) have been arrived at after due and careful consideration and there are no other facts (other than those relating to the Hutchison Group and the CK Property Group) not contained in this announcement, the omission of which would make any statement in this announcement misleading. As at the date of this announcement, the directors of the Hutchison Proposal Offeror are: Mr Li Tzar Kuoi, Victor, Mr Kam Hing Lam and Mr Ip Tak Chuen, Edmond. The directors of the Hutchison Proposal Offeror jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than that relating to the Hutchison Group and the CK Property Group) and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement by the Hutchison Proposal Offeror have been arrived at after due and careful consideration and there are no other facts (other than those relating to the Hutchison Group and the CK Property Group) not contained in this announcement, the omission of which would make any statement in this announcement misleading. As at the date of this announcement, the directors of CK Property are: Mr Li Ka-shing (Chairman), Mr Li Tzar Kuoi, Victor (Managing Director and Deputy Chairman), Mr Kam Hing Lam (Deputy Managing Director), Mr Ip Tak Chuen, Edmond (Deputy Managing Director), Mr Chung Sun Keung, Davy, Mr Chiu Kwok Hung, Justin, Mr Chow Wai Kam, Ms Pau Yee Wan, Ezra and Ms Woo Chia Ching, Grace as executive directors; and Mr Cheong Ying Chew, Henry, Mr Chow Nin Mow, Albert, Ms Hung Siu-lin, Katherine, Mr Simon Murray and Mr Yeh Yuan Chang, Anthony as independent non-executive directors. 21

22 The directors of CK Property jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than that relating to the CKH Holdings Group and the Hutchison Group) and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement by the CK Property Group have been arrived at after due and careful consideration and there are no other facts (other than those relating to the CKH Holdings Group and the Hutchison Group) not contained in this announcement, the omission of which would make any statement in this announcement misleading. As at the date of this announcement, the Hutchison Directors are: Mr Li Ka-shing (Chairman), Mr Li Tzar Kuoi, Victor (Deputy Chairman), Mr Fok Kin Ning, Canning, Mrs Chow Woo Mo Fong, Susan, Mr Frank John Sixt, Mr Lai Kai Ming, Dominic and Mr Kam Hing Lam as executive directors; Mr Lee Yeh Kwong, Charles and Mr George Colin Magnus as non-executive directors; Mr Cheng Hoi Chuen, Vincent, The Hon Sir Michael David Kadoorie, Ms Lee Wai Mun, Rose, Mr William Elkin Mocatta (alternate director to The Hon Sir Michael David Kadoorie), Mr William Shurniak and Mr Wong Chung Hin as independent non-executive directors. The Hutchison Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than that relating to the CK Property Group) and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement by the Hutchison Group have been arrived at after due and careful consideration and there are no other facts (other than those relating to the CK Property Group) not contained in this announcement, the omission of which would make any statement in this announcement misleading. 22